For the first round of reporting, the state Treasury Department has found more than 110 out of 490 local units of government have been preliminarily identified as having an underfunded pension
plan or retirement health care plan, or both.
New York: A wide ranging proposal to address Kentucky's underfunded pension
plans could gradually improve the commonwealth's credit as large and growing pension obligations have been one of its key rating challenges, Fitch Ratings says.
Bob Scott, a senior partner at LCP, said: "The collapse of BHS and the potential sale of Tata Steel UK, both with underfunded pension
schemes, have highlighted the significance of pension liabilities and the impact that a large defined benefit scheme can have on a UK company.
Tsipras' coalition majority fell to three last month after two lawmakers rebelled against a set of reforms demanded by the lenders, raising questions about his ability to push through a more ambitious long-term reform of the country's complex, underfunded pension
system next month.
000% senior notes due 2016, to fund certain underfunded pension
obligations as well as other general corporate purposes.
The New York Times reported that earlier this year, BlueMountain joined a legal challenge against a law that allows Puerto Rico, which faces a heavy debt burden, a weak economy and significantly underfunded pension
obligations - to restructure some of its debt.
Here's our wild prediction: We'll hear more about this underfunded pension
Introduction-Overview of Underfunded Pension
Plans in M&A
The fallout from Illinois's woefully underfunded pension
system continues to expand.
The report highlights activities that have and have not been successful in producing meaningful reform, and details a number of recommendations for other states seeking to successfully improve their underfunded pension
in the amount of underfunded pension
liabilities relative to revenues,
And a number of large companies have had to make sizable contributions to their underfunded pension
plans over the last couple of years.